USD/CAD is at very interesting turn. All thanks to yesterday’s demand response which took place right next to the upward trend line and after a long lasting declines. Since the beginning of September, the trend remains bullish, in this context the declines can only be a correction. As you can see on the D1 interval, the rebound is also taking place on clear support, which has already triggered significant price reaction recently. As for the formation – on H4 we have a weak breakout from the wedge, which can not impress. On D1 we have the formation of the morning star. It seems we are facing an opportunity to return to growth.
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